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Fly News Breaks for September 22, 2015
ALSN, CMI
Sep 22, 2015 | 06:51 EDT
Deutsche Bank analyst Vishal Shah downgraded both Allison Transmission (ALSN) and Cummins (CMI) to Hold saying the risk/reward for both stocks is balanced at current levels. Shah views 2016 consensus estimates for both companies as "too optimistic" given risk of a peaking North American heavy duty/bus market and potential downside in the off-highway/international on-highway markets. He cut his price target for Cummins shares to $123 from $154.
News For CMI;ALSN From the Last 2 Days
ALSN
Apr 25, 2024 | 16:20 EDT
"We are reaffirming our full year 2024 guidance provided to the market on February 13. Allison expects 2024 Net Sales in the range of $3,050 to $3,150 million, Net Income in the range of $635 to $685 million, Adjusted EBITDA in the range of $1,070 to $1,130 million, Net Cash Provided by Operating Activities in the range of $700 to $760 million, Capital Expenditures in the range of $125 to $135 million, and Adjusted Free Cash Flow in the range of $575 to $625 million."
